ICICI Lombard General Insurance Company delivered robust financial results for Q3 FY25, showcasing significant growth in profitability despite a slight dip in GDPI. Here’s a breakdown of the performance:

Key Highlights:

  1. Gross Direct Premium Income (GDPI):
    • Q3 FY25: ₹6,214 crore, a marginal decline of 0.3% compared to ₹6,230 crore in Q3 FY24.
    • 9M FY25: ₹20,623 crore, a 10.3% YoY increase from ₹18,703 crore.
  2. Profit Metrics:
    • Profit Before Tax (PBT): ₹960 crore in Q3 FY25, up by 67.3% YoY.
    • Profit After Tax (PAT): ₹724 crore in Q3 FY25, reflecting an impressive 67.9% YoY growth from ₹431 crore in Q3 FY24.
    • 9M FY25 PAT: ₹1,999 crore, a 42.9% YoY rise from ₹1,399 crore in 9M FY24.
  3. Ratios:
    • ROAE (Annualized):
      • Q3 FY25: 21.5%, a significant improvement from 15.3% in Q3 FY24.
    • Combined Ratio (CoR):
      • Q3 FY25: 102.7%, showing improvement from 103.6% in Q3 FY24.
  4. Exclusions:
    • No CAT (Catastrophic) losses were reported in Q3 FY25. This contrasts with ₹54 crore CAT losses in Q3 FY24.
    • Adjusted combined ratio excluding CAT losses for Q3 FY25 was 102.3%.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any decisions.

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